Updated Guidance on Managing the Effects of Inflation With Existing Contracts

The Department of Defense (DoD) issued Friday updated guidance for Contracting Officers regarding approaches for addressing inflation under existing firm-fixed-price contracts. The memorandum advises Contracting Officers about the range of approaches available to them to make potential accommodations including schedule relief and amending contractual requirements, and in extraordinary circumstances, the use of Extraordinary Contractual Relief. Click here to read more.